Stephen is a co-founder and Managing Partner of Quay Partners. Quay Partners is Australia's first independently owned private equity fund of funds manager. It was established in October 2000 and today is one of the leading private equity investors in Australia managing over $900 million. Quay Partners offers diversified fund of funds investing primarily in Australian venture capital, expansion capital and buy-out funds and also secondary interests and co-investments. It services a wholesale client base which includes some of Australia's foremost institutional investors. Prior to Quay Partners, Stephen spent over 10 years at Macquarie Bank Asset Management Division in the equities investment team, where he established and invested its first private equity program of $220 million. Stephen joined Macquarie Bank through its acquisition of Risk Averse Money Managers, a boutique index fund manager of which he was an owner and director.